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Baker Hughes Announces January 2014 Rig Counts

                Baker Hughes Announces January 2014 Rig Counts

PR Newswire

HOUSTON, Feb. 7, 2014

HOUSTON, Feb. 7, 2014 /PRNewswire/ --Baker Hughes Incorporated (NYSE:BHI)
announced today that the international rig count for January 2014 was 1,325,
down 10 from the 1,335 counted in December 2013, and up 46 from the 1,279
counted in January 2013. The international offshore rig count for January 2014
was 302, down 4 from the 306 counted in December 2013, and down 5 from the 307
counted in January 2013.

The average U.S. rig count for January 2014 was 1,769, down 2 from the 1,771
counted in December 2013, and up 12 from the 1,757 counted in January 2013.
The average Canadian rig count for January 2014 was 504, up 132 from the 372
counted in December 2013, and up 1 from the 503 counted in January 2013.

The worldwide rig count for January 2014 was 3,598, up 120 from the 3,478
counted in December 2013, and up 59 from the 3,539 counted in January 2013.


January 2014 Rotary Rig Counts

               January 2014          Month     December 2013         January 2013
               Land  Offshore Total  Variance  Land  Offshore Total  Land  Offshore Total
    Latin      328   73       401    -16       341   76       417    337   77       414
    America
    Europe     87    39       126    0         87    39       126    80    54       134
    Africa     106   33       139    1         102   36       138    81    34       115
    Middle     360   43       403    -2        359   46       405    334   45       379
    East*
    Asia       142   114      256    7         140   109      249    140   97       237
    Pacific
International  1,023 302      1,325  -10       1,029 306      1,335  972   307      1,279
    United     1,711 58       1,769  -2        1,710 61       1,771  1,705 52       1,757
    States
    Canada     503   1        504    132       370   2        372    502   1        503
North America  2,214 59       2,273  130       2,080 63       2,143  2,207 53       2,260
Worldwide      3,237 361      3,598  120       3,109 369      3,478  3,179 360      3,539
*   The Middle East rig count excludes rigs in Syria for January
    2014 and December 2013.

About the Baker Hughes Rig Counts

The Baker Hughes Rotary Rig Counts are counts of the number of drilling rigs
actively exploring for or developing oil or natural gas in the United States,
Canada and international markets. Baker Hughes has issued the rotary rig
counts as a service to the petroleum industry since 1944, when Hughes Tool
Company began weekly counts of US and Canadian drilling activity. Baker
Hughes initiated the monthly international rig count in 1975.

North American rig count data is scheduled to be released at noon central time
on the last working day of each week. The international rig count is
scheduled to be released on the 5th working day of the month. Additional
detailed information on the Baker Hughes rig counts is available from our
website.

Baker Hughes is a leading supplier of oilfield services, products, technology
and systems to the worldwide oil and natural gas industry. The company's
59,000-plus employees today work in more than 80 countries helping customers
find, evaluate, drill, produce, transport and process hydrocarbon resources.
For more information about Baker Hughes, visit: www.bakerhughes.com.

CONTACTS:
Media Relations:    Christine Mathers, + 1.713.439.8738,
                    christine.mathers@bakerhughes.com
Investor Relations: Trey Clark, +1.713.439.8039, trey.clark@bakerhughes.com
                    Eric Holcomb, +1.713.439.8822,
                    eric.s.holcomb@bakerhughes.com

SOURCE Baker Hughes Incorporated

Website: http://www.bakerhughes.com
 
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